News Article
Mitsubishi Electric U.S. SRAM sales Investigation
Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) announced that Mitsubishi Electric & Electronics U.S.A. Inc. (MEUS), a subsidiary of Mitsubishi Electric Corporation, has received a subpoena from the United States Department of Justice (DOJ) Antitrust Division seeking information about the sales of Mitsubishi Electric static random access memory (SRAM) in the United States.
We are unable to predict the impact these actions will have on the issues relating to this matter including but not limited to a possible adverse affect on our business performance in the future. Therefore, at this time, we will not reassess the dividend policy and revised sales and earnings forecast for fiscal year 2007 (April 1, 2006 - March 31, 2007) announced on September 19, 2006.In April 2003, this SRAM business was spun off and transferred to Renesas Technology Corporation, one of the Mitsubishi Electric Corporation's affiliated companies in which Mitsubishi Electric Corporation holds a 45% interest.
